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The Iraq War is largely about oil.

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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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Rules cannot take the place of character.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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The Iraq War is largely about oil.
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Country Largely Oil War
Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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